CEO Anthony Mallis to retire from SICO

Manama, Bahrain – 28 October 2013: Bahrain-based regional investment bank, Securities & Investment Company (SICO), announced today that its Chief Executive Officer, Anthony Mallis, has decided to retire from the Bank at the end of March next year. He will continue in his present role until the Board formally appoints a successor in March 2014.

In May this year, the Board appointed Mrs Najla Al Shirawi as Deputy Chief Executive Officer, while currently retaining her role as Chief Operating Officer.

Shaikh Abdulla bin Khalifa Al-Khalifa, SICO’s Chairman, said: “The Board of Directors accepted Tony’s retirement request with great regret while understanding his reasons. He had discussed with me and the Board his contemplated retirement back in March of this year. The timing of his decision is now enabling the Board and Management team to facilitate an orderly transition of leadership without disruption to the Bank’s operations”.

‘Tony has been a very strong leader and managed the company through challenging times’ said Shaikh Abdulla "The board is grateful for his innumerable contributions to the company and his distinguished tenure as CEO over the last 13 years."